Featured Brokers
CONFIDENTIAL SALE
FOR SALE
22/02/24
607176
155051 / Rightbiz
The company is an online lighting retailer offering a comprehensive range of indoor and outdoor lighting from over 60 industry-leading brands, with its product range featuring over 35,000 individual items.
A respected leader in a fast-growing industry sector, the company has a wealth of knowledge concerning lighting design, enabling it to provide accurate advice to consumers with regard to product selection.
The company operates on both a B2B and a B2C basis, with its e-commerce website offering an efficient shopping experience.
The company is being offered for sale to facilitate the shareholders’ retirement.
Offers invited.
Key Highlights
- Retails a variety of lighting types, styles, price points and brands, covering indoor and outdoor lighting, fitted lights, lamps and portable lights.
- Has over 22,000 individuals listed on its database, with B2B customers including architects, interior designers, lighting designers and property developers.
- Receives circa 30,000 visitors to its website each month, with an average order value of over £500.
- Operates from leasehold premises.
- Our Clients expect that the lighting market will continue to grow over the next few years, with scope for the company to benefit from continued innovations.
Financial Highlights
- Turnover of £2.5m, with an adjusted EBITDA of £21k.
- Turnover expected to reach £2.3m in YE24 and rise to £2.6m in YE25.
- The 2023 dip in profitability was a result in a change in the Directors’ personal circumstances and the wider cost-of-living crisis.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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